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Dollar rebound from Asian session low at 88.90 has extended during European morning through 90.00, and the pair, right now trading around 90.25, eyes Thursday high at 90.35.

In case of breaking above 90.35 (Dec 17 high), next resistance levels come at 90.75 (Dec 3 high) and 90.85 (Nov 5 high). On the downside, below 90.00, next support levels lie at 88.60 (Dec 15 low) and 88.30 (Dec 14 low).

According to Alex Rudolph, technical analyst at Commerzbank, a break above 90.35 is unlikely: "A, for Friday not expected, break above it will have the current December 90.78 high point in view."

Gold continues its retreat from all time high at $1,226 hit on December 3 as Spot Gold dropped below support area at $1,110 with the Dollar soaring across the board.

Gold decline d on Thursday from $1,141, smashing through $1,110 support, to hit a fresh 6-week low at $1,094, before picking yp during Asian session to reach previous support, turned resistance at $1.109, which is being tested on early European session.

The Dollar has been soaring across the board, parallel to Gold weakness, and EUR/USD hit a fresh 3-month low at 1.4300 while GBP/USD dropped 300 pips on Thursday from 1.6410 to fresh 2-months low at 1.6080, and the USD/JPY reached week high at 90.35.